StubHub Holdings Inc. shares opened above their IPO price, but closed at $22, a 6.4% decline. The company raised $800 million in its initial public offering, with a market value of about $8.1 billion. The US IPO market has seen strong activity, with StubHub’s offering oversubscribed.

StubHub, founded in 2000, focuses on secondary ticketing. It recently announced a partnership with Major League Baseball. Despite a net loss of $76 million in the first half of 2025, the company saw gross merchandise sales rise to $4.4 billion. The IPO comes amid increased scrutiny of the ticket industry by US regulators.

CEO Eric Baker, who holds a significant voting power in the company, left StubHub before it was sold to eBay in 2007. The company was later acquired by Viagogo, and the integration was completed in 2022. JPMorgan Chase & Co. and Goldman Sachs Group Inc. led the IPO, with shares trading under the symbol STUB on the NYSE.

Read more at Yahoo Finance: Ticketing Platform StubHub Falls 6.4% After $800 Million IPO